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President Trump says a 25% tariff on cars and auto parts will bring more auto manufacturing jobs to the United States. Jim Ross, the mayor of Arlington, TX, a city with a large General Motors auto assembly plant, says it will likely do the opposite.
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U.S. President Donald Trump has raised tariffs by 20% on China since January over its alleged role in the U.S. fentanyl crisis, and threatened a swath of new tariffs.
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Reaction to President Trump's plan to slap a 25% tariff on imported cars has been mixed. Unionized autoworkers are cheering, but investors who own stock in auto-makers are considerably less enthusiastic.
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President Trump's newly announced 25% import tariffs on foreign cars will increase vehicle prices by thousands of dollars, experts say, but Tesla is likely to fare better than other carmakers.
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President Trump's 25% tariffs on auto imports could put a financial squeeze on automakers that depend on global supply chains.
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Many firms are enthused by Trump's proposals to cut taxes and regulation, but there's mounting concern that his tariffs will raise prices and squeeze margins.
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President Trump has upended global markets by imposing tariffs on imports from several of America's top trading partners. Here's what to know.
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